Business Analytics, Jeffrey D. Camm - Chapter 1-4 Exam Questions With Correct Answers
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Course
Business Analytics
Institution
Business Analytics
Business Analytics, Jeffrey D. Camm -
Chapter 1-4 Exam Questions With Correct
Answers
Descriptive analytics - answerEncompasses the set of techniques that describes what has
happened in the past
Data query - answerA request for information with certain characteristics from a database
Data das...
Simulation optimization - answer✔Combines the use of probability and statistics to model
uncertainty with optimization techniques to find good decisions in highly complex and highly
uncertain
Decision analysis - answer✔Used to develop an optimal strategy when a decision maker is faced
with several decision alternatives and an uncertain set of future events
Big data - answer✔A set of data that cannot be managed, processed, or analyzed with commonly
available software in a reasonable amount of time
Hadoop - answer✔An open-source programming environment that supports big data processing
through distributed storage and processing over multiple computers
MapReduce - answer✔A programming model used within Hadoop that performs two major
steps: the map step and the reduce step
Data security - answer✔The protection of stored data from destructive forces or unauthorized
users
Data - answer✔The facts and figures collected, analyzed, and summarized for presentation and
interpretation
Variable - answer✔A characteristic or a quantity of interest that can take on different values
Observation - answer✔Set of values corresponding to a set of variables
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